According to Irinna Iran, a member of the parliamentary security committee, General Esmael Kosari said that "the blocking of the Strait of Ortmuz is under serious consideration." Sharp increase in oil prices
The Strait of Hormuz provides passage for about 20% of the world's oil and gas flow. In case of blocking, a price explosion is possible: experts with financial times and Rabobank pronouns have increased to $ 100-150 per barrel.
2. Inflation and economic turbulence
Britain has warned that energy prices and inflation could rise sharply, "worse than the effects of the recession and sanctions against Russia."
3. NATO/USA Geopolitical tension and Response
It will increase the number of NATO countries in the region. Analysts believe that the United States and Saudi Arabia will take active measures, and military action will increase the risk of a regional conflict.
4. Iran's economic losses
Despite its strategic importance, the restrictions will also be achieved by the IRI itself: oil is exported mainly by sea. Export losses, lower revenues and the risks of sanctions could hit the Iranian economy.
Analysis: block or not?
The possibility of blocking is confirmed, but remains the "maximum scenario". Measures.
Legal aspects: the strait is considered "international" in accordance with the UN Convention on the Law of the Sea - perhaps a formal ban, but complicated by law
The Iranian parliament is considering an extreme scenario - blocking the Strait of Hormuz - as a response to pressure from the United States and Israel. This could cause a significant spike in global oil prices, inflation, and economic turmoil. However, such an event carries a huge risk for Iran. At the moment, it is a psychological and strategic tool, but without the National security council, it is nothing more than a threat and an element of an auction.
